Northern Trust Morningstar US Market Factor Tilt ETF
The ETF.net TILT Grade
A
Score 71 out of 100
- 18 of 99
Score 71 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B63 out of 100Rank 36 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 87Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C53 out of 100Rank 45 of 99Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B65 out of 100Rank 23 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B60 out of 100Rank 42 of 98Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A75 out of 100Rank 18 of 99
Our read on TILT
In short
ATILT doesn't swap out the market, it bends it: roughly 1,900 US stocks with small-cap and value names weighted heavier than a pure market-cap index would have them. A 2011 original, at 0.25% net of a waiver through March 1, 2027.
Stated mandate
The Fund seeks results that generally correspond, before fees and expenses, to the price and yield performance of the Morningstar U.S. Market Factor Tilt Index.
Why people hold it
Worth knowing
TILT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
TILT$11,435
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TILT |
|---|---|
| Year to date | +12.8% |
| 1 month | +0.4% |
| 3 months | +0.8% |
| 1 year | +14.4% |
| 3 years | +22.6% |
| 5 years | +10.8% |
| 10 years | +13.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TILT |
|---|---|---|
| 2026 YTD | +12.8% | |
| 2025 | +16.6% | |
| 2024 | +19.9% | |
| 2023 | +24.7% | |
| 2022 | −17.2% | |
| 2021 | +27.6% | |
| 2020 | +16.1% |
TILT in the news
TILT Dividends
- 1.07%
- $2.99
- $0.74 per share
- Quarterly
TILT Risk
- 12.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.33
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −24.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.02
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
TILT Cost
Overpaying vs VYM, tied cheapest in US Multifactor
$4,310
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
TILT 0.25%
$5,159
VYM 0.04% Tied cheapest
$849
Cost over time
Year by year
| Year | TILT | VYM | Overpaying |
|---|---|---|---|
| 10 | $455 | $73 | $382 |
| 20 | $1,769 | $288 | $1,481 |
| 30 | $5,159 | $849 | $4,310 |
You pay 0.25%Waived by FlexShares 0.01%
Full fee 0.26% waiver 0.01% you pay 0.25%
Other funds in US Multifactor
- AJHMLJohn Hancock Multifactor Large Cap ETFExpense ratio 0.29%1 year return +14.4%
- AONEOState Street SPDR Russell 1000 Momentum Focus ETFExpense ratio 0.20%1 year return +22.5%
- BUSVMVictoryShares US Small Mid Cap Value Momentum ETFExpense ratio 0.22%1 year return +21.9%
- ADEUSXtrackers Russell US Multifactor ETFExpense ratio 0.17%1 year return +19.6%
- AOMFLInvesco Russell 1000 Dynamic Multifactor ETFExpense ratio 0.29%1 year return +18.5%
